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Altria (MO) Gains As Market Dips: What You Should Know
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Altria (MO - Free Report) closed the most recent trading day at $44.54, moving +1.2% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 10.92%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 3.47% over the past month. This has lagged the Consumer Staples sector's loss of 1.12% and the S&P 500's gain of 2.18% in that time.
Wall Street will be looking for positivity from Altria as it approaches its next earnings report date. This is expected to be February 1, 2023. The company is expected to report EPS of $1.18, up 8.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.13 billion, up 0.83% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Altria. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. Altria is currently a Zacks Rank #4 (Sell).
Digging into valuation, Altria currently has a Forward P/E ratio of 8.73. Its industry sports an average Forward P/E of 8.69, so we one might conclude that Altria is trading at a premium comparatively.
We can also see that MO currently has a PEG ratio of 2.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Tobacco stocks are, on average, holding a PEG ratio of 2.8 based on yesterday's closing prices.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 192, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Altria (MO) Gains As Market Dips: What You Should Know
Altria (MO - Free Report) closed the most recent trading day at $44.54, moving +1.2% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.76%. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 10.92%.
Prior to today's trading, shares of the owner of Philip Morris USA, the nation's largest cigarette maker had lost 3.47% over the past month. This has lagged the Consumer Staples sector's loss of 1.12% and the S&P 500's gain of 2.18% in that time.
Wall Street will be looking for positivity from Altria as it approaches its next earnings report date. This is expected to be February 1, 2023. The company is expected to report EPS of $1.18, up 8.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.13 billion, up 0.83% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Altria. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. Altria is currently a Zacks Rank #4 (Sell).
Digging into valuation, Altria currently has a Forward P/E ratio of 8.73. Its industry sports an average Forward P/E of 8.69, so we one might conclude that Altria is trading at a premium comparatively.
We can also see that MO currently has a PEG ratio of 2.18. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Tobacco stocks are, on average, holding a PEG ratio of 2.8 based on yesterday's closing prices.
The Tobacco industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 192, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.